The government yesterday released sub-decree No 72 to enhance efficiency and transparency in the management of non-tax revenue.
The new regulation sets the mechanism to be followed when collecting, recording and monitoring non-tax revenue, including income collected from ministries, public institutions, province-level administration and state enterprises.
Non-tax revenue includes income derived from state properties, state enterprises and autonomous state entities, as well as revenue obtained from the provision of public services and fines and penalties levied against citizens.
Under the new regulation, the Ministry of Economy and Finance is tasked with preparing the legal framework necessary for the management and monitoring of non-tax revenue, as well as with preparing annual reports on how this type of revenue is being managed.
